Saipem and Mitsubishi Heavy Industries (“MHI”) have signed an agreement for post-combustion carbon capture, according to the company's release.
It is a General License Agreement enabling Saipem to deploy Mitsubishi Heavy Industries’ advanced post-combustion CO2 capture technologies in the execution of large-scale projects. These technologies are “KM CDR ProcessTM” and “Advanced KM CDR ProcessTM” jointly developed with The Kansai Electric Power Co., Inc.
Post-combustion CO2 capture is aimed at removing carbon dioxide to reduce the CO2 footprint of emitting industrial large plants. Carbon dioxide is captured through absorption processes, capturing CO2 for further processing or storage.
Saipem has had a cooperative relationship with MHI for many years relating to Saipem’s SnamprogettiTM Urea Technology for the realization of world-class fertilizer plants. This agreement harnesses the complementary capabilities of both companies providing a unique combination of technological know-how and project EPC execution expertise to provide customers with low-emission solutions for the achievement of Net-Zero targets.
Saipem is one of the leading companies in the engineering, drilling and construction of major projects in the energy and infrastructure sectors, both offshore and onshore. Saipem is “one company” organized into five business lines - Asset Based, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The company has 9 fabrication yards and an offshore fleet of 29 construction vessels (of which 26 owned and 3 owned by third parties and managed by Saipem) and 13 drilling rigs, of which 9 owned.